Buy Or Sell Opportunity • May 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥14.30. The fair value is estimated to be CN¥17.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Announcement • Apr 24
ZYNP Corporation, Annual General Meeting, May 15, 2026 ZYNP Corporation, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Mengzhou, Henan China Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.34 (vs CN¥0.19 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.34 (up from CN¥0.19 in 1Q 2025). Revenue: CN¥1.19b (up 25% from 1Q 2025). Net income: CN¥198.3m (up 79% from 1Q 2025). Profit margin: 17% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Announcement • Mar 31
ZYNP Corporation to Report Q1, 2026 Results on Apr 24, 2026 ZYNP Corporation announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.29, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥16.13, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 192% over the past three years. Announcement • Dec 31
ZYNP Corporation to Report Fiscal Year 2025 Results on Apr 24, 2026 ZYNP Corporation announced that they will report fiscal year 2025 results on Apr 24, 2026 New Risk • Nov 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.099 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.099 in 3Q 2024). Revenue: CN¥923.9m (up 20% from 3Q 2024). Net income: CN¥92.3m (up 65% from 3Q 2024). Profit margin: 10.0% (up from 7.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
ZYNP Corporation to Report Q3, 2025 Results on Oct 29, 2025 ZYNP Corporation announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Sep 01
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.15 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.15 in 2Q 2024). Revenue: CN¥992.6m (up 15% from 2Q 2024). Net income: CN¥122.6m (up 39% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Announcement • Jul 02
ZYNP Corporation to Report First Half, 2025 Results on Aug 27, 2025 ZYNP Corporation announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.15 in 1Q 2024). Revenue: CN¥950.2m (up 14% from 1Q 2024). Net income: CN¥111.0m (up 25% from 1Q 2024). Profit margin: 12% (up from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
ZYNP Corporation, Annual General Meeting, May 16, 2025 ZYNP Corporation, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Mengzhou, Henan China Announcement • Mar 31
ZYNP Corporation to Report Q1, 2025 Results on Apr 25, 2025 ZYNP Corporation announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.00, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 37x in the Auto Components industry in China. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.91, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 34x in the Auto Components industry in China. Total returns to shareholders of 34% over the past three years. Announcement • Dec 31
ZYNP Corporation to Report Fiscal Year 2024 Results on Apr 25, 2025 ZYNP Corporation announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.099 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.099 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥768.5m (up 24% from 3Q 2023). Net income: CN¥56.0m (down 27% from 3Q 2023). Profit margin: 7.3% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 30
ZYNP Corporation to Report Q3, 2024 Results on Oct 30, 2024 ZYNP Corporation announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥6.35, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 26x in the Auto Components industry in China. Total loss to shareholders of 3.6% over the past three years. New Risk • Sep 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥860.2m (up 13% from 2Q 2023). Net income: CN¥88.0m (down 14% from 2Q 2023). Profit margin: 10% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 29
ZYNP Corporation to Report First Half, 2024 Results on Aug 28, 2024 ZYNP Corporation announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 07
Dividend increased to CN¥0.13 Dividend of CN¥0.13 is 18% higher than last year. Ex-date: 12th June 2024 Payment date: 12th June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
ZYNP Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 12 June 2024 ZYNP Corporation announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.30000000 for the year 2023, payable on 12 June 2024. Record date is 11 June 2024. Ex-date is 12 June 2024. Announcement • Apr 24
ZYNP Corporation, Annual General Meeting, May 16, 2024 ZYNP Corporation, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Mengzhou, Henan China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥835.2m (up 21% from 1Q 2023). Net income: CN¥88.9m (up 8.2% from 1Q 2023). Profit margin: 11% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.64, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 30x in the Auto Components industry in China. Total returns to shareholders of 6.4% over the past three years. Announcement • Mar 30
ZYNP Corporation to Report Q1, 2024 Results on Apr 24, 2024 ZYNP Corporation announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥4.72, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 1.2% over the past three years. Announcement • Jan 03
ZYNP Corporation Approves Board Appointments ZYNP Corporation at its Extraordinary General Meeting held on 29 December 2023, approved election of Zhang Jinrui and Pei Zhijun as independent directors. Announcement • Dec 30
ZYNP Corporation to Report Fiscal Year 2023 Results on Apr 24, 2024 ZYNP Corporation announced that they will report fiscal year 2023 results on Apr 24, 2024 New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Announcement • Jul 01
ZYNP Corporation to Report First Half, 2023 Results on Aug 22, 2023 ZYNP Corporation announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jun 14
Zynp Corporation Announces Final Dividend on A Shares for the Year 2022, Payable on June 20, 2023 ZYNP Corporation announced final cash dividend/10 shares (tax included) of CNY 1.10000000 on A shares for the year 2022. Record date is June 19, 2023. Ex-date is May June 20, 2023. Payment date is June 20, 2023. Announcement • May 23
ZYNP Corporation Approves Cash Dividend for 2022 ZYNP Corporation approved at the AGM held on May 19, 2023 approved Cash dividend/10 shares (tax included): CNY 1.10000000 for 2022. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥6.12, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 35x in the Auto Components industry in China. Total returns to shareholders of 27% over the past three years. Buying Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be CN¥6.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 26%. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be CN¥6.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in FY 2021) Full year 2022 results: EPS: CN¥0.28 (down from CN¥0.35 in FY 2021). Revenue: CN¥2.30b (down 6.0% from FY 2021). Net income: CN¥166.3m (down 21% from FY 2021). Profit margin: 7.2% (down from 8.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.08 (in line with 3Q 2021). Revenue: CN¥544.7m (down 4.4% from 3Q 2021). Net income: CN¥48.7m (up 2.3% from 3Q 2021). Profit margin: 8.9% (up from 8.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.24, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 46x in the Auto Components industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.092 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥563.4m (down 18% from 2Q 2021). Net income: CN¥49.5m (down 30% from 2Q 2021). Profit margin: 8.8% (down from 10% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Announcement • Jun 21
ZYNP Corporation Announces Final Cash Dividend on A Shares for 2021, Payable on 24 June 2022 ZYNP Corporation announced final cash dividend of CNY 1.00000000 per 10 shares on A shares for 2021. Record date is 23 June 2022, Ex-date is 24 June 2022 and Payment date is 24 June 2022. Announcement • May 02
ZYNP Corporation Announces Final Profit Distribution Proposal for 2021 ZYNP Corporation announced final profit distribution proposal for 2021 as: Cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Apr 30
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.35 (up from CN¥0.25 in FY 2020). Revenue: CN¥2.45b (up 35% from FY 2020). Net income: CN¥211.1m (up 41% from FY 2020). Profit margin: 8.6% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Yahui Xue was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.35 (up from CN¥0.25 in FY 2020). Revenue: CN¥2.45b (up 35% from FY 2020). Net income: CN¥211.7m (up 42% from FY 2020). Profit margin: 8.6% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.073 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥569.5m (up 4.9% from 3Q 2020). Net income: CN¥47.7m (up 7.7% from 3Q 2020). Profit margin: 8.4% (up from 8.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.071 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥687.7m (up 79% from 2Q 2020). Net income: CN¥70.7m (up 70% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 25
ZYNP Corporation Approves Cash Dividend for the Year 2020 ZYNP Corporation approved cash dividend of CNY 1.00000000 per 10 shares (tax included) for the year 2020, at the AGM held on May 21, 2020. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥653.2m (up 93% from 1Q 2020). Net income: CN¥65.9m (up 67% from 1Q 2020). Profit margin: 10% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Zynp Corporation Announces Final Cash Dividend for the Year 2020 ZYNP Corporation announced final cash dividend (tax included) of CNY 1.00 per 10 shares for the year 2020. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥5.00 The company is down 14% from its price of CN¥5.83 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥5.13 The company is down 10.0% from its price of CN¥5.69 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥5.32 The company is down 1.0% from its price of CN¥5.35 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: CN¥6.24 The company is up 3.0% from its price of CN¥6.05 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 8.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥89.3m, down 57% from the prior year. Total revenue was CN¥1.64b over the last 12 months, up 9.2% from the prior year. Announcement • Oct 20
ZYNP Corporation to Report Q3, 2020 Results on Oct 27, 2020 ZYNP Corporation announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 12
ZYNP Corporation to Report First Half, 2020 Results on Aug 28, 2020 ZYNP Corporation announced that they will report first half, 2020 results on Aug 28, 2020